Quick facts: Springboro, OH

Quick Facts

96.4
Cost of Living
below US average
19,427
Population
5.1
Crime Rate per 1000
below US average
$113,182
Median Income
above US average
$500,490
Median House Price
above US average
$2019.33
Average Rent
above US average
3%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $113,182.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $500,490 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $113,182
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Income Needed to Rent

βœ“ Affordable
$87k/year
Based on $2019.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($113,182) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Springboro, OH

Springboro is a charming suburb located in southwestern Ohio, primarily within Warren County, though it also extends into Montgomery County. Known for its family-friendly atmosphere, Springboro offers a small-town feel while being close to the amenities of larger urban areas like Dayton and Cincinnati. The city boasts a highly regarded school system and a strong sense of community, making it a desirable location for families. Outdoor enthusiasts can enjoy various parks, including Clearcreek Park and the picturesque North Park, which provide recreational opportunities such as sports fields, playgrounds, and trails. The city also hosts several annual events, fostering community spirit and engagement. Springboro's historical roots are reflected in its quaint downtown area, featuring charming shops, restaurants, and historic buildings. With a convenient location near major highways, residents can easily access nearby cities while enjoying the peaceful suburban lifestyle Springboro offers. Overall, it’s a great blend of community, history, and accessibility.

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